GST PRACTITIONERS

Basics of GST:-

GST means Goods and Service Tax.
It is a tax which has been newly introduced in India.
It has replaced Indirect taxes like VAT, CST, Excise, Service Tax etc.
However, taxes like Income Tax, Payroll, PF, ESI, will continue.

Why is GST being Introduced:-

 In each state of India, taxes and rules were different GST will lead to same rates of tax on different state:.

Different Types of GST:-

GST was Introduced so that We have a common tax for all type of Sales But Unfortunately One GST is not coming.
There are 3 Different GST'S:-
1. CGST (Central GST)
2. SGST (State GST)
3. IGST (Integrated GST)

Difference between CGST SGST and IGST:--

CGST	SGST	Integrated GST (Interstate GST)
Full form of CGST is Central Goods and Service Tax	Full form of SGST is State Goods and Service Tax	Its full form is IGST Act (or Integrated Goods and Service Tax)
CGST is also charged on Local Sales within State	SGST is also charged on Local Sales within State	GST is charged on Central Sales (Sales Outside State)
It is charged and collected by Central Government	It is charged and collected by State Government	It is charged and collected by Central Government on Interstate Supply of Goods and Services
It has replaced taxes like Central Excise and Service tax	It has replaced taxes like VAT, Luxury tax and Entertainment tax	It has replaced taxes like CST(Central Sales Tax)

Earlier Indirect Tax Before GST :-